Iowa extends Renewable Fuels Infrastructure funding through 2017

May 22, 2016 |

In Iowa, Iowa Governor Terry Branstad signed into law H.F. 2464, a multifaceted bill that secures funding for the state’s highly successful biodiesel and ethanol blender pump program, the Iowa Renewable Fuels Infrastructure Program, through June 30, 2017.

The most recent Iowa Renewable Fuels Infrastructure Board meeting set records by awarding 68 projects with $3.2 million in state grants to upgrade infrastructure to offer higher blends of ethanol and biodiesel. With today’s signing, the RFIP has secured funding through the state’s next fiscal year, ending June 30, 2017.

The Iowa Renewable Fuels Infrastructure Program (RFIP) offers cost-share grants to Iowa retailers wishing to upgrade fueling infrastructure to offer registered E15, E85 and/or biodiesel blends. Reimbursement can be up to 70 percent of the installation costs, up to a maximum of $50,000 per project, with a five-year commitment to sell registered E15, E85 or biodiesel blends.

According to a recent IRFA study, Iowa’s renewable fuels industry accounts for more than $4.6 billion of Iowa GDP, generates $2.3 billion in income for Iowa households and supports more than 43,000 jobs throughout all sectors of the Iowa economy.

For more on the program, please click here.

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Category: Policy

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